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Retained Earnings

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Common stock is $29,562 and retained earnings are $58,425 is currently what is on balance sheet. Suppose next year the company posts $43,000 in net profit and 16,00 in dividends. what will the companies ending balance for retained earnings be next year?

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Solution Summary

Solution determines the ending balance for retained earnings next year.

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Ending balance for Retained earnings next year=beginning retained ...

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Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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